MTS teams with clearers for Italian bond CCP

MTS teams with clearers for Italian bond CCP

Cassa di Compensazione e Garanzia (CC&G), Clearnet and MTS have teamed up to provide central counterparty services for Italian government securities traded on the MTS platform.

The three parties have signed an agreement whereby they will jointly set up a working committee responsible for identifying the technical requirements that will lead to the implementation of the CCP service.

The consultation process will include primary dealers active in MTS, who will take part in a Clearing Committee to be established in due course.

Volumes on MTS in 2001 totalled EUR2.3 trillion, while repo volumes reached EUR7.05 trillion in the same year.

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